When deciding between buying an off-plan or ready property in Dubai, it’s important to weigh the pros and cons of both options.

Ready Property

Pros:

Immediate possession: You can move in or rent it out right away.

Rental income starts immediately based on the rental agreement.

No construction delays, you see exactly what you’re buying.

Cons:

Slower capital appreciation compared to off-plan properties.

Full payment is required upfront, either from savings or mortgage.

Off-Plan Property

Pros:

Lower entry costs: Typically requires a 10-20% down payment with the rest paid in installments.

Potential for fast capital appreciation, especially in a growing market.

New property with modern features and services.

Cons:

Construction delays are common, sometimes up to 12 months.

Uncertainty about the final product: You can’t always be sure of the unit’s size, view or quality until handover.

High supply at handover can impact rental prices as many units may be available at the same time.

Other Considerations:

Location: Properties near water, major attractions or transport links and usually have better resale value.

Service Charges: These vary by property type where Dh2-5 per sq ft for villas/townhouses, Dh15-20 per sq ft for apartments. Always check whether the charges are paid annually, quarterly or monthly. These costs can increase over time.

Long-Term Investment: Real estate should be seen as a long-term investment. While Dubai's market is currently strong, factors like government policies, geopolitical events or market sentiment can affect property values.

Ultimately, whether you choose an off-plan or ready property depends on your financial situation, investment goals and preference for certainty or potential growth.